Foreign Minister Khanal stresses on assistance to address development challenges of LDCs
Summary
Foreign Minister Shishir Khanal has called for stronger finance, climate justice, productive capacity and sustainable development support to help least developed countries turn global commitments into action. He said Nepal’s three-year chairmanship of the LDC group prioritized the Doha Programme of Action, concessional finance, debt sustainability and technology transfer.
Key Points
- Foreign Minister Shishir Khanal urged support in finance, climate justice, productive capacity and sustainable development for least developed countries at the UN in New York.
- He said LDCs face worsening development challenges from global crises and are highly vulnerable despite making up about 14 percent of the world’s population.
- Khanal highlighted Nepal’s work during its LDC chairmanship to advance the Doha Programme of Action, concessional finance, debt sustainability and technology transfer.
- He said Nepal will hand over the chairmanship of the LDC group to Gambia and pledged continued support to the new leadership.
